Azul (NYSE:AZUL) Shares Gap Up to $6.04

Azul S.A. (NYSE:AZUL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.04, but opened at $6.22. Azul shares last traded at $6.01, with a volume of 1,580,226 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James restated an “outperform” rating and set a $12.00 price objective (down from $13.00) on shares of Azul in a research report on Monday. Barclays decreased their price objective on shares of Azul from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Azul has a consensus rating of “Moderate Buy” and an average target price of $12.56.

Azul Trading Up 0.3 %

The business’s 50 day moving average is $7.57 and its 200 day moving average is $8.44.

Hedge Funds Weigh In On Azul

A number of large investors have recently made changes to their positions in the company. Capital Research Global Investors boosted its stake in shares of Azul by 3.0% during the 1st quarter. Capital Research Global Investors now owns 13,032,134 shares of the company’s stock worth $196,134,000 after purchasing an additional 374,935 shares during the period. Frontier Capital Management Co. LLC boosted its stake in shares of Azul by 296.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 4,384,995 shares of the company’s stock worth $31,353,000 after purchasing an additional 3,280,010 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of Azul by 551.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,339,760 shares of the company’s stock worth $14,296,000 after purchasing an additional 1,980,852 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in Azul by 293.1% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,040,666 shares of the company’s stock valued at $7,441,000 after buying an additional 775,936 shares in the last quarter. Finally, U S Global Investors Inc. lifted its holdings in Azul by 23.9% during the 3rd quarter. U S Global Investors Inc. now owns 892,462 shares of the company’s stock valued at $7,666,000 after buying an additional 172,348 shares in the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

About Azul

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.